Some Like it Hot - It was directed and produced in 1959, but set in 1929 by Billy Wilder. It starred Tony Curtis, Marilyn Monroe, and Jack Lemmon. It opened to mainly positive reviews and has been ranked as highest film in American Film Institute's list of "100 funniest movies of all time." This film is especially renounced for it's use of cross-dressing, and its openness in the use of homosexuality. This saw the film produced without the permission of Motion Picture Production Code. The film's overbearing success contributed to demeaning such moral codes in film production. It was especially one of the last nails in the coffin of Hays Code.
Answer:
20.1%
Explanation:
In capital asset prcing model (CAPM), cost of equity (or cost of retained earnings in this context) is calculated as below:
<em>Cost of equity = risk-free rate of return + beta x (market index return - risk-free rate of return)</em>
Please note that <em>(market index return - risk-free rate of return)</em> is equal to <em>market risk premium</em>
Putting all the number together, we have:
Cost of equity/retained earnings = 2.5% + 2.2 x 8% = 20.1%
<em>Note: The dividend growth rate, tax rate & stock standard deviation is not relevant in answering the question.</em>
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